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Chairman sought by Land Securities

John Waples

August 14 2005, 1:00am, The Sunday Times

The group, owner of more than 200 British properties, including London’s New Scotland Yard and the Piccadilly Lights, is expected to look at internal and external candidates. Birch has been chairman for seven years.

Land Securities has a market value of £6.6 billion and its board includes Sir Winfried Bischoff, chairman of Citigroup Europe; David Rough, formerly head of Legal & General’s investment arm; and Bo Lerenius, who is chief executive of Associated British Ports.

When Ian Henderson, the former chief executive, retired a year ago to make way for Francis Salway, there was speculation that the former would become chairman. But it was thought that Birch was reluctant to make way.